Tax Phishing Scams to Watch for in 2018

It’s the start of another year, a time to reflect on the past, make resolutions for the future—and get ready for the annual onslaught of tax scam e-mails and phone calls trying to persuade you to part with your money or valuable information. It happens every year in the weeks and months leading up to the April 15 IRS filing deadline.

The fraudsters running these scams are getting smarter, their fake communications are getting harder to spot, and they’re strategically choosing victims to inflict maximum damage.  The opportunity for tax refund fraud – and potential payoff – is ripe for fraudsters.  After all, why call one consumer in hopes of getting their tax information when you can email one HR employee in hopes of getting the entire company’s W-2s?  The opportunity for tax refund fraud is growing. 

Three Ways Phishing and Phone Tax Scams Can Hook You

If you think you’re too well informed to fall for a fake email or call, think again. Tax scam fraudsters know what sets off alarm bells in your head—a call on your home phone claiming to be from the IRS, for example, or an email asking you to pay back taxes. So they’ve graduated to more sophisticated schemes, including a variation on phishing known as business email compromise or business email spoofing.

The latest scams described in a recent IRS alert seem to rely on three key ways to get recipients to let down their guard.

  1. They focus on employees (Read more...)

*** This is a Security Bloggers Network syndicated blog from RSA Blog authored by Heidi Bleau. Read the original post at: http://www.rsa.com/en-us/blog/2018-01/tax-phishing-scams-2018.html